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Hill International Selected to Manage Renovation of the Astro Tower in Brussels

PHILADELPHIA and BRUSSELS, Belgium, Feb. 29, 2016 (GLOBE NEWSWIRE) -- Hill International (NYSE:HIL), the global leader in managing construction risk, announced today that it has received a contract from PATRIZIA France SAS, acting on behalf of Korean investors, to provide owner representative services in connection with renovation of the Astro Tower in Brussels, Belgium. PATRIZIA France SAS is a subsidiary of PATRIZIA Immobilien AG, one the largest pan-European real estate investment managers.

The Astro Tower, built in 1976, is a 33-story office building with 36,000 square meters (388,000 square feet) of built-up area. The tower also includes five levels of underground space, car parking and an archive area. The planned €107 million ($116 million) renovation entails curtain wall cladding, MEP services, elevator improvements, architectural finishings and tenant fit-out work. The project is expected to be completed by October 2016.

“Astro Tower has helped shape the Brussels skyline for nearly forty years,” said Jacques M. Demol, Vice President for Hill’s Project Management Group. “We are excited to be part of the renovations of this iconic structure,” added Demol.

Hill International, with 4,800 professionals in 100 offices worldwide, provides program management, project management, construction management, construction claims and other consulting services primarily to the buildings, transportation, environmental, energy and industrial markets. Engineering News-Record magazine recently ranked Hill as the seventh largest construction management firm in the United States. For more information on Hill, please visit our website at www.hillintl.com.

Certain statements contained herein may be considered “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, and it is our intent that any such statements be protected by the safe harbor created thereby. Except for historical information, the matters set forth herein including, but not limited to, any projections of revenues, earnings or other financial items; any statements concerning our plans, strategies and objectives for future operations; and any statements regarding future economic conditions or performance, are forward-looking statements. These forward-looking statements are based on our current expectations, estimates and assumptions and are subject to certain risks and uncertainties. Although we believe that the expectations, estimates and assumptions reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results to differ materially from estimates or projections contained in our forward-looking statements are set forth in the Risk Factors section and elsewhere in the reports we have filed with the Securities and Exchange Commission, including that unfavorable global economic conditions may adversely impact our business, our backlog may not be fully realized as revenue and our expenses may be higher than anticipated. We do not intend, and undertake no obligation, to update any forward-looking statement.

Hill International, Inc.
John P. Paolin
Senior Vice President of Marketing and
Corporate Communications
(215) 309-7710
johnpaolin@hillintl.com

The Equity Group Inc.
Devin Sullivan
Senior Vice President
(212) 836-9608
dsullivan@equityny.com

(HIL-G)


Source:Hill International, Inc.